Fiscal Compliance Sample Clauses

The Fiscal Compliance clause requires parties to adhere to all applicable tax laws and financial regulations in relation to the agreement. This typically means each party must ensure proper reporting, payment of taxes, and maintenance of accurate financial records for transactions under the contract. By including this clause, the agreement helps prevent legal or financial penalties due to non-compliance and clarifies each party’s responsibility for their own fiscal obligations.
Fiscal Compliance a) Request for Reimbursement (RFRs) shall be submitted to City by the 15th calendar day of the month following the month during which services were provided, or the first business day thereafter, using a template provided by City. Contractor shall provide supporting documentation, including: 1. Invoices and/or receipts; 2. Check registers; 3. Payroll registries; and 4. Detailed general ledger reports b) If Contractor provides any tasks, deliverables, goods, services, or other work, other than as specified in this Agreement, the same will be deemed to be a gratuitous effort on the part of the Contractor.
View SourceView Similar (4)
Fiscal Compliance. R2R has a core team focused on peer-reviewed and defined research and broader engagement activities. All team members must ensure that all expenditures align with the merit-reviewed proposal, NSF-accepted strategic plan, and award terms and conditions. This fiscal responsibility includes expenditures incurred as cost match (20% required), whether these are ‘real dollar’ expenditures or in-kind support. The cost-share or match must come from non-federal sources. Cost-sharing reports must be submitted on an annual basis to our NSF Program Officer. We must maintain records of all project costs that are recorded as cost-sharing. We must also submit an Annual Report to report all expenditures and obligated funds. NSF requires VI-EPSCoR to submit a spending plan with a timeline for non-obligated funds upon submission of the annual report. The spending plan must be approved by our Office of Sponsored Programs and submitted to our NSF Program Officer for approval of carry-over funding. As long as project outcomes and success per NSF oversight are sustained, annual subawards and individual research component budgets developed as part of the proposal can be relied on over the five-year award. (Note that the R2R project is a cooperative agreement, and any NSF-directed changes to the project scope of work may result in changes in individual investigator annual budgets.) This commitment to maintain individual research component budgets and focus on a small team requires a fiscally collaborative culture. Each awardee needs to be realistic with annual expenditures and open to sharing resources when not needed. Throughout the grant cycle, the VI-EPSCoR Administrative Team provides each research area with an update on spending on a monthly basis. We have to report project spending to NSF at a high level of detail, including how funds link to specific project work. Transparency and ongoing communication with the Management Team (Program Director, Assistant Director, and Budget Manager) and about how award funds are used and about projected spending is required for every funded participant on the project. R2R’s Budget Manager conducts bi-weekly reconciliations and works very closely with our Grant Accountant to ensure expenditures are accurate and to request financial reports.
View SourceView Similar (3)
Fiscal Compliance. Number of Financial Change Orders _
View Source
Fiscal Compliance 
View SourceView Similar (2)
Fiscal Compliance 
View SourceView Similar (2)

Related to Fiscal Compliance

  • AML Compliance The Dealer Manager represents to the Company that it has established and implemented anti-money laundering compliance programs in accordance with applicable law, including applicable FINRA Conduct Rules, Exchange Act Regulations and the USA PATRIOT Act, specifically including, but not limited to, Section 352 of the International Money Laundering Abatement and Anti-Terrorist Financing Act of 2001 (the “Money Laundering Abatement Act,” and together with the USA PATRIOT Act, the “AML Rules”) reasonably expected to detect and cause the reporting of suspicious transactions in connection with the offering and sale of the Offered Shares. The Dealer Manager further represents that it is currently in compliance with all AML Rules, specifically including, but not limited to, the Customer Identification Program requirements under Section 326 of the Money Laundering Abatement Act, and the Dealer Manager hereby covenants to remain in compliance with such requirements and shall, upon request by the Company, provide a certification to the Company that, as of the date of such certification (a) its AML Program is consistent with the AML Rules and (b) it is currently in compliance with all AML Rules, specifically including, but not limited to, the Customer Identification Program requirements under Section 326 of the Money Laundering Abatement Act.

  • OSHA Compliance To the extent applicable to the services to be performed under this Agreement, Contractor represents and warrants, that all articles and services furnished under this Agreement meet or exceed the safety standards established and promulgated under the Federal Occupational Safety and Health Law (Public Law 91-596) and its regulations in effect or proposed as of the date of this Agreement.

  • FERPA Compliance In connection with all FERPA Records that Contractor may create, receive or maintain on behalf of University pursuant to the Underlying Agreement, Contractor is designated as a University Official with a legitimate educational interest in and with respect to such FERPA Records, only to the extent to which Contractor (a) is required to create, receive or maintain FERPA Records to carry out the Underlying Agreement, and (b) understands and agrees to all of the following terms and conditions without reservation:

  • FCPA Compliance The Company has not and, to the Company’s actual knowledge, none of its employees or agents at any time during the last five years have (i) made any unlawful contribution to any candidate for foreign office, or failed to disclose fully any contribution in violation of law, or (ii) made any payment to any federal or state governmental officer or official, or other person charged with similar public or quasi-public duties, other than payments required or permitted by the laws of the United States or any jurisdiction thereof.

  • Ongoing Compliance (1) If during the Prospectus Delivery Period (i) any event or development shall occur or condition shall exist as a result of which the Prospectus as then amended or supplemented would include any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing when the Prospectus is delivered to a purchaser, not misleading or (ii) it is necessary to amend or supplement the Prospectus to comply with law, the Company will promptly notify the Underwriters thereof and forthwith prepare and, subject to paragraph (c) above, file with the Commission and furnish to the Underwriters and to such dealers as the Representatives may designate such amendments or supplements to the Prospectus (or any document to be filed with the Commission and incorporated by reference therein) as may be necessary so that the statements in the Prospectus as so amended or supplemented (or any document to be filed with the Commission and incorporated by reference therein) will not, in the light of the circumstances existing when the Prospectus is delivered to a purchaser, be misleading or so that the Prospectus will comply with law and (2) if at any time prior to the Closing Date (i) any event or development shall occur or condition shall exist as a result of which the Pricing Disclosure Package as then amended or supplemented would include any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing when the Pricing Disclosure Package is delivered to a purchaser, not misleading or (ii) it is necessary to amend or supplement the Pricing Disclosure Package to comply with law, the Company will promptly notify the Underwriters thereof and forthwith prepare and, subject to paragraph (c) above, file with the Commission (to the extent required) and furnish to the Underwriters and to such dealers as the Representatives may designate such amendments or supplements to the Pricing Disclosure Package (or any document to be filed with the Commission and incorporated by reference therein) as may be necessary so that the statements in the Pricing Disclosure Package as so amended or supplemented will not, in the light of the circumstances existing when the Pricing Disclosure Package is delivered to a purchaser, be misleading or so that the Pricing Disclosure Package will comply with law.